The Indian government has proposed to increase the overall funding for subsidies for electric two-wheelers but cut the subsidy available for each vehicle. Instead of the previous maximum of 40 per cent of the purchase price, only a maximum of 15 per cent would be covered under the FAME II scheme.
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Ride-hailing company Uber will introduce 25,000 electric cars in India over the next three years through its platform. A memorandum of understanding signed with Tata Motors envisages the phased delivery of 25,000 units of Tata’s Xpres-T EV electric car from this month.
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Ola Electric is investing 920 million dollars in producing electric vehicles and batteries in the southern Indian state of Tamil Nadu. According to an agreement with the state government, the money will come from the company’s subsidiaries Ola Electric Technologies and Ola Cell Technologies.
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Renault and Nissan are investing around 600 million dollars in India to produce six new models at their joint plant in Chennai. These will include the first two electric cars companies will build in India.
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Amazon has announced its intention to use a total of 10,000 electric vehicles in India by 2025. These are to be both electric rickshaws and four-wheeled electric vehicles from Indian production.
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